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Ford to sell Volvo to Chinese car-maker Geely

Thursday, December 24th, 2009

Ford has announced the sale of its Volvo subsidiary to Chinese car-maker Geely for about 2 billion US dollars (approx £1.25bn).

With Ford having also sold Aston Martin, Jaguar and Land Rover over the past three years that leaves the Detroit based car maker with three core brands, Ford, Lincoln and Mercury.

The deal is likely to be completed in the first quarter of 2010.

Tags: aston martin, car-maker, ford, geely, jaguar, land rover, lincoln, mercury, volvo
Posted in Fleet News from the UK Vehicle Leasing Industry | Comments Off

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Posts Tagged ‘car-maker’

Ford to sell Volvo to Chinese car-maker Geely

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